Previously, the Office of the Leading Group for Environmental Pollution Prevention and Control of Jiaozuo City issued the “Emergency Notice on Further Strengthening Air Pollution Control and Control Work”, requiring that from September 19, Jiaozuo Wanfang Aluminum Co., Ltd. and Chinalco Zhongzhou Aluminum Co., Ltd. Entering the peak production in winter, the production limit is limited to 30% until March 15, 2018.

Among them, Jiaozuo Wanfang limited production is calculated by electrolytic cell, and Sino-Aluminum Zhongzhou Aluminum Co., Ltd. is calculated by production line.

According to the analysis, in the future, the 2+26 region may follow the pace of Jiaozuo and launch a policy of exceeding the expected limit. Under the influence of winter production capacity, commodities may have better performance before the end of the year.

Anxin Qidin Qidin team analyzed that Jiaozuo City's peak production means that the production limit period exceeded expectations, and other cities are expected to have relevant policies in the future. Aluminum prices are expected to hit a new high in the fourth quarter:

The original heating season is from November to March, and the limited production of Jiaozuo City will start from the peak production on September 19 until March 15 next year, which means that the time of air pollution prevention and control in Beijing-Tianjin-Hebei region is tight and the task is heavy. , the limited production period exceeded expectations! This also started the first shot of electrolytic aluminum for environmental protection and limited production!

We expect other cities in the 2+26 region to expect such an over-expected policy, and implementation will have a significant effect, which will further tighten the supply of electrolytic aluminum, and aluminum prices are expected to hit a new high in Q4. Citi analysts said that commodities will perform better before the end of the year. China's winter de-capacity will have a "substantial impact."